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<blockquote data-quote="oldngray" data-source="post: 1608496" data-attributes="member: 45230"><p>It’s official, the Energy Department’s green energy loan program is actually expected to lose money despite media reports that such loans would net the government a profit.</p><p></p><p>The Government Accountability Office <a href="http://www.gao.gov/assets/670/669847.pdf" target="_blank">says</a> the DOE’s oft-touted $28 billion loan program will cost taxpayers $2.21 billion over the lifetime of the loans. Not only that, the costs to taxpayers for green loans has risen about $500 million as “the result of loan guarantee defaults” from companies like Solyndra and Abound Solar.</p><p><a href="http://www.foxnews.com/politics/2015/04/28/gao-does-green-energy-loans-wont-make-profit/" target="_blank">http://www.foxnews.com/politics/2015/04/28/gao-does-green-energy-loans-wont-make-profit/</a></p></blockquote><p></p>
[QUOTE="oldngray, post: 1608496, member: 45230"] It’s official, the Energy Department’s green energy loan program is actually expected to lose money despite media reports that such loans would net the government a profit. The Government Accountability Office [URL='http://www.gao.gov/assets/670/669847.pdf']says[/URL] the DOE’s oft-touted $28 billion loan program will cost taxpayers $2.21 billion over the lifetime of the loans. Not only that, the costs to taxpayers for green loans has risen about $500 million as “the result of loan guarantee defaults” from companies like Solyndra and Abound Solar. [URL]http://www.foxnews.com/politics/2015/04/28/gao-does-green-energy-loans-wont-make-profit/[/URL] [/QUOTE]
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